PYMNTS

AUGUST 23, 2019

These marketplaces also need to make sure that payments, however quick, remain safe and secure as fraudsters continue to hammer at the gates. An AI-Powered Visual Shopping Experience For Millennials, Gen Z. For more on this and other news in the platform economy, visit the Playbook’s News and Trends section.

Millennials 165

Millennials Trends Meeting social media 165

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. The top five frauds to which millennials report losing money are online shopping frauds, business imposters, government imposters, fake check scams and romance scams.

Millennials 149

Millennials Fraud Report social media 149

PYMNTS

NOVEMBER 26, 2019

Paris-based startup Leavy.co , which offers a travel app to help millennials finance their travel plans, has raised $14 million. As a result of the funding, Pieter Welten, a partner at Prime Ventures, secured a seat on Leavy’s board. The company said its network has grown to more than 65,000 millennials , with 60 percent being women.

Millennials 142

Millennials Community Branding Security 142

PYMNTS

SEPTEMBER 11, 2018

Millennial consumers are ready to be brand ambassadors — especially when engaging in mobile commerce with private-label debit programs. The interview with Bailey comes amid increasing focus on how millennials might change gas and convenience store payments. Millennials are ready to be engaged.

Millennials 126

Millennials Mobile Payments Study 126

PYMNTS

JULY 17, 2018

When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive sounding – accounts of millennials and their home-buying habits, or lack thereof, emerge. Millennials are shaping the market more than anyone realized.

Millennials 131

Millennials Payments Metro Marketing 131

Bank Innovation

MARCH 16, 2016

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.

Millennials 150

Millennials Mobile Florida Lending 150

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Competition is thus a multilevel event for hospitality services that need to juggle payment innovations, user perks and security.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. For C-Stores, An Opportunity To Woo Bridge Millennials.

Millennials 130

Millennials Mobile Payments Survey 130

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. Oftentimes,” explained Clark, these mobile-savvy users “are younger users, such as millennials” or underbanked.

Security 186

Security Mobile Course Data 186

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

Millennials 100

Millennials Study Data Customer Experience 100

PYMNTS

OCTOBER 15, 2018

Recent reports indicate an uptick in fraudsters targeting large FIs, and headlines surrounding security breaches and cyberattacks fill the news on a near-daily basis. Visa and Mastercard designed the 3DS protocols and provide them under the names Verified by Visa and Mastercard Secure Code.

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

JANUARY 8, 2021

Robinhood ’s platform is popular with amateur retail investors, particularly millennials and Gen-Zers. 16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

Bank Innovation

JUNE 6, 2019

JPMorgan Chase's millennial-friendly digital banking app Finn is shutting down, just one year after it rolled out nationally. In an email to customers, the bank stated that Finn customers will see their accounts automatically moved to Chase Secure Checking and Chase Savings accounts on August 10, when the app will be permanently shut down.

Digital Banking 199

Digital Banking Millennials National Security 199

PYMNTS

OCTOBER 22, 2018

People of all stripes — from millennials to baby boomers, from Generation X to the Greatest Generation — are increasingly swapping the friction of shopping in a store for the convenience of using one of the many connected devices they now own to shop and buy from instead. To track how we will pay, watch how Bridge Millennials pay today.

Millennials 212

Millennials Study Payments Data 212

PYMNTS

JUNE 12, 2019

48 percent: Share of millennial parents who would rather not eat at all than wait in long QSR lines. Data: 64 million: Number of cars equipped with some form of connected technology that will be shipped worldwide in 2019. $59 59 billion: Estimated value of the global biometrics market by 2025.

Security 148

Security Millennials Data Retail 148

PYMNTS

FEBRUARY 17, 2020

Dallas-based busing line Greyhound is all too familiar with such problems, prompting it to implement advanced learning technologies to secure ticketing. Our number one goal was making sure that process was as frictionless as possible while making sure that we [offered] a fully secure process.”.

Security 141

Security Tools Fraud System 141

Perficient

JUNE 16, 2020

With the healthcare industry having to quickly jump on the cloud bandwagon with telehealth recently, it is becoming apparent that a new norm is (in my millennial opinion, finally) emerging. With the number of tech-savvy patients increasing, it is becoming a requirement to provide easy accessibility while maintaining top security.

Google 322

Google Colorado Data Compliance 322

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

APRIL 16, 2019

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues. Mobile wallets , however, have advantages that span from convenience to security.

Security 140

Security Mobile Retail Survey 140

PYMNTS

JANUARY 12, 2021

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

AUGUST 6, 2019

The point is that when it comes to wedding planning — especially those put together by millennials, who are finally coming into their own as important consumers — there is always a better way to go about things. All this new revenue is going from the cities where most millennials live to the countryside,” he said.

Millennials 120

Millennials Massachusetts Trends Technology 120

PYMNTS

SEPTEMBER 27, 2020

With the more flexible nature of a BNPL payment, users might feel more secure in spending their money, even if they are being cautious due to the volatile economy. Meanwhile, millennials and Gen-Z spent 44 percent and 72 percent more on orders if BNPL was available as an option, the Tracker says.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

MAY 1, 2020

Many CUs are doubling down on their efforts to digitize their services in a secure manner. Establishing methods that replace face-to-face banking transactions with secure alternatives is an important need during these changing times, Vas Nunes noted. This turned out to be a win-win for our members and our staff.”

Arizona 159

Arizona Security Cards Phoenix 159

PYMNTS

DECEMBER 8, 2016

Between the Instagram selfies, Twitter hashtags and Facebook posts, millennials seem to overshare. The more information that’s asked of them, the less likely it is that [millennials] will finish the application,” said Johnny Ayers, cofounder of Socure. “The It’s All About The Use Case . And they need customer data — at least some.

Millennials 100

Millennials Data social media Technology 100

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

DECEMBER 31, 2020

percent of millennials believe it is “very” important to receive payments in real time. Buy Now Pay Later: Millennials And The Shifting Dynamics Of Online Credit. Millennials are big fans of buy now, pay later (BNPL), as this report showed. percent of bridge millennials report using credit when paying online, while 66.3

Data 277

Data Innovation Payments Millennials 277

PYMNTS

APRIL 2, 2019

App security, speed and partnerships with brands like Deliveroo are all ways the company is looking to augment the MOA experience for the modern customer, Sharif said. QSRs are attempting to create a mobile experience tailored for millennials, a generation that, on average, dines out five times per week.

Security 152

Security Mobile Branding User Experience 152

PYMNTS

SEPTEMBER 17, 2019

A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. Bridge millennials were the most likely to use an app to open a new account with a bank (23.8

Mobile 187

Mobile Millennials Study Digital Banking 187

PYMNTS

MARCH 27, 2020

That can’t be good news for the security chiefs at financial institutions (FIs), who have their hands full with genuine bad actors, a shifting compliance landscape and a business environment that’s in an indeterminate period of disarray from the COVID-19 pandemic. Having better security in general would entice 14.7

Mobile 190

Mobile Millennials Digital Banking Security 190

PYMNTS

OCTOBER 16, 2019

Concerns over security breaches and data privacy remain high, however, so providers will need to be sure users are properly protected from all manners of fraud as this ecosystem grows. IoT devices still have a number of security weaknesses that providers must address as the technology becomes a larger part of consumers’ daily lives.

Millennials 191

Millennials Fraud social media Study 191

PYMNTS

JANUARY 11, 2021

11) filing with the Securities and Exchange Commission (SEC). The latest PYMNTS Buy Now, Pay Later Tracker indicated that the BNPL market has benefited from a pandemic-fueled interest in BNPL, especially among younger shoppers and older millennials. billion, according to a Monday (Jan.

Millennials 241

Millennials Industry Security Marketing 241

Perficient

FEBRUARY 10, 2021

However, in findings from the National Poll on Healthy Aging, “ only half of people age 50 to 80 have set up an account on a secure online access site, or ’patient portal,’ offered by their health care provider.” According to a 2021 Statistica report, 73% of adults over 65 are active internet users.

New York City 484

New York City social media Community System 484

PYMNTS

DECEMBER 7, 2020

I think [consumers] recognize that if location is not being asked for or provided, then that app is inherently not as secure as it could be,” he said. Given banking’s obvious privacy and security concerns, Briggs said it’s actually more logical for banking apps to request location permission than to not ask for it. A Rude Awakening.

Fraud 232

Fraud Data Detroit Security 232

PYMNTS

SEPTEMBER 24, 2019

Millennials no longer rule the mobile services space. Small banks can struggle to develop such services and keep them secure, however. Push payments are often seen as more secure than pull payments because the former do not require payers to reveal sensitive bank account or payment instrument data. Read more in the Tracker.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

DECEMBER 13, 2019

What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world. Millennials are still spending money on trips and vacations, but how and where they do so is shifting. Millennials And Their Changing Travel And Payment Opinions.

Millennials 141

Millennials Payments Groups Mobile 141

PYMNTS

NOVEMBER 27, 2019

The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . Recent research indicates the millennial generational group, those between 22 and 37 years of age, will be reflected by one in three U.S. workforce by 2025.

Millennials 161

Millennials Payments Capital Technology 161

Accenture: Banking

JUNE 16, 2017

The headline findings from our study suggest that this investment is justified, with fully two-thirds of all UK customers and 74 percent of millennials saying they’d be willing to receive entirely computer-generated advice on relatively simple decisions such as which type of bank account to open (see Figure 1).

Millennials 188

Millennials Maine Study Security 188